Post
Topic
Board Economics
Re: Involve an attorney in your business dealings.
by
Alpha Marine
on 07/06/2024, 15:58:13 UTC
However if on the contrary the money we spend is not too much, it is better in this case not to use a lawyer because it will be a waste of your money, it is better for you to go with your family in this transaction.

In my opinion, as somebody that does business, you should have a lawyer, so if you're doing any business deal with another party, even if that business deal is for a very small amount of money, your lawyer should be aware. Your lawyer should go through any contract before you sign it. A deal worth $1000 can result into a $100,000 lawsuit in the future.
It's expensive when you don't originally have a lawyer and for the sake of this particular deal you involve a lawyer, but if you already have a lawyer you're not hiring him again, he'll just be doing his job by going through the contract.

When business, assets and money is involved I can't trust family just like that. It's friends that betray, not enemies. But that aside, is your family qualified enough to see through the contract and shield your trouble in the future?